Equities research analysts expect Federal Realty Investment Trust (NYSE:FRT) to report sales of $223.14 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Federal Realty Investment Trust’s earnings, with the highest sales estimate coming in at $224.70 million and the lowest estimate coming in at $219.44 million. Federal Realty Investment Trust posted sales of $207.39 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The business is expected to announce its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Federal Realty Investment Trust will report full year sales of $223.14 million for the current year, with estimates ranging from $868.78 million to $920.71 million. For the next financial year, analysts expect that the company will post sales of $954.19 million per share, with estimates ranging from $887.77 million to $980.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Federal Realty Investment Trust.
Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.57. The business had revenue of $223.96 million for the quarter, compared to analyst estimates of $218.68 million. Federal Realty Investment Trust had a net margin of 33.81% and a return on equity of 12.68%. During the same quarter in the previous year, the business earned $0.80 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Lourd Capital LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $211,000. American Assets Capital Advisers LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $212,000. Advisor Partners LLC acquired a new position in shares of Federal Realty Investment Trust during the third quarter valued at about $203,000. Keel Point LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $217,000. Finally, Magnetar Financial LLC acquired a new position in shares of Federal Realty Investment Trust during the third quarter valued at about $207,000. Hedge funds and other institutional investors own 97.77% of the company’s stock.
Federal Realty Investment Trust (FRT) traded up $1.00 during mid-day trading on Wednesday, reaching $117.32. 437,298 shares of the company traded hands, compared to its average volume of 554,423. The firm has a market capitalization of $8,510.00, a price-to-earnings ratio of 40.60, a price-to-earnings-growth ratio of 3.14 and a beta of 0.29. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.25. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $138.12.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 14th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, March 13th. This represents a $4.00 annualized dividend and a dividend yield of 3.41%. Federal Realty Investment Trust’s dividend payout ratio is currently 138.41%.
COPYRIGHT VIOLATION WARNING: This report was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://sportsperspectives.com/2018/03/12/zacks-analysts-anticipate-federal-realty-investment-trust-frt-will-post-quarterly-sales-of-223-14-million.html.
About Federal Realty Investment Trust
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.